14 Gomez Way, Mill Valley, CA 94941, Mill Valley, 94941 - 4 bed, 4 bath

14 Gomez Way, Mill Valley, CA 94941 home-pic-0
ACTIVE$1,398,000$2,852/sqft
14 Gomez Way, Mill Valley, CA 94941
4Beds
4Baths
2,852Sqft
10,385Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Premier Investment Asset: A rare 4-unit quadruplex in the highly coveted Mill Valley market, offering immediate income generation and significant long-term appreciation potential.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10385, other record lot size in square feet = 11880.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1959 (67 years old).
Condition: Built in 1959 and explicitly marketed as a 'value-add opportunity' requiring 'extensive renovation costs' due to 'Property Age & Renovation Needs.' The kitchens feature extremely dated pink tiled countertops and backsplash with old white appliances and laminate cabinets. Bathrooms also show very old grey tiling and fixtures. All interior finishes, including carpets and light fixtures, are severely outdated and require substantial rehabilitation to meet current market standards.
Year Built
1959
Close
-
List price
$1.4M
Original List price
-
Price/Sqft
$490
HOA
$0
Days on market
-
Sold On
-
MLS number
325087523
Home ConditionPoor
Features
Good View:
Deck
View-

About this home

First time on the market in almost 50 years! Prime 4-unit investment opportunity in coveted Southern Marin County. Rarely available in the highly sought-after Mill Valley rental market, this desirable fourplex offers investors both immediate functionality and long-term upside. The property is comprised of four spacious 1-bedroom, 1-bath units, the two top floor units have open wood beam ceilings, and all units have sliding glass doors off the living room onto private decks that capture beautiful views. Each residence is thoughtfully designed with desirable amenities, including a storage closet and designated covered parking. The property features separate gas and electric meters and individual water heater heaters. Tenants have access to shared laundry facilities in the building just across the street. Located just above Miller Avenue, the fourplex is minutes from downtown Mill Valley's shops, dining, and outdoor recreation. Current long term tenants love living here and one unit may be delivered vacant. This property presents a compelling value-add opportunity, offering substantial rental upside through strategic improvements. A rare chance to own an income-generating asset in one of Marin County's most coveted submarkets.

T
Ted Abe
Listing Agent
Condition Rating
Poor

Built in 1959 and explicitly marketed as a 'value-add opportunity' requiring 'extensive renovation costs' due to 'Property Age & Renovation Needs.' The kitchens feature extremely dated pink tiled countertops and backsplash with old white appliances and laminate cabinets. Bathrooms also show very old grey tiling and fixtures. All interior finishes, including carpets and light fixtures, are severely outdated and require substantial rehabilitation to meet current market standards.
Pros & Cons

Pros

Premier Investment Asset: A rare 4-unit quadruplex in the highly coveted Mill Valley market, offering immediate income generation and significant long-term appreciation potential.
Exceptional Location & Demand: Situated in Southern Marin County, minutes from downtown Mill Valley's amenities, ensuring strong rental demand and tenant retention in a rarely available submarket.
Clear Value-Add Opportunity: Explicitly positioned for substantial rental upside through strategic improvements, with the potential for one unit to be delivered vacant for immediate renovation.
Desirable Tenant Amenities: Each unit includes private decks with views, dedicated storage closets, and designated covered parking, enhancing tenant appeal and retention.
Independent Utility Metering: Separate gas, electric meters, and individual water heaters for each unit minimize landlord utility expenses and simplify property management.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10385, other record lot size in square feet = 11880.
Property Age & Renovation Needs: Built in 1959, the property likely requires significant capital investment for updates and renovations to fully realize its 'value-add' potential and address potential deferred maintenance.
Shared Off-Site Laundry: Laundry facilities are shared and located 'in the building just across the street,' which is less convenient than in-unit options and could be a minor drawback for prospective tenants.
Potential for Extensive Renovation Costs: While offering value-add, the extent of 'strategic improvements' needed to achieve 'substantial rental upside' implies a considerable renovation project, requiring significant financial outlay and potential disruption.
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